DislikedHi Binnie, Good day. Read your post 27847. Kiwi means NZDUSD, correct? I have been eying on this pair foe couple of weeks now. I noticed from the monthly TF, that price has almost reached it's high since 2005 i.e. 0.8841. Thus, I am cautious about trading this pair. Either it is about to reverse or move upwards to break 0.8841. What do you think? I could be wrong, being an amateur. NicholasIgnored
Yep Kiwi is NU.
The attack on the highs is prolonged alright. I have no idea what will happen next. All we can do is anticipate our next moves. Thus form a plan A & B. Once direction is confirmed we have our actions mapped out in advance. IMHO I was looking last week at a possible H & S on the H4 but the BRN has held all attempts to go lower so far. The Weekly shows a divergence so I have allowed for a pullback in my plans.
Either way, once price moves up or down, I have my actions laid out ready to go. Of course , being a KIWI , I am a bit biased about how strong our Dollar is. Far too high for our Produce & Farming exporters and not high enough for our importers and those lucky enough to travel overseas